On April 10, 2025, Jonathan Pompan, Len Gordon, and Ellis McKennie published “New York’s Consumer Protection Overhaul: A Lawsuit Magnet for Banks, Fintechs, and Other Financial Services Providers” in Collections and Recovery. The following is an excerpt:
The New York attorney general is backing a bill that could make financial services the next target for mass litigation—here’s what banks, fintechs, and loan servicers need to know.
New York lawmakers—with full support from the attorney general—are pushing a sweeping expansion of consumer protection laws that could turn routine financial transactions into the next big class action battleground and expand the enforcement arsenal of the NY AG's office.
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